(Reuters) – General Mills Inc on Wednesday reported quarterly sales below Wall Street estimates, hurt by lower demand for its snacks in North America.
Net earnings attributable to the company rose to $570.2 million (449.1 million pounds), or 94 cents per share, in the fourth quarter ended May 26, from $354.4 million, or 59 cents per share, a year earlier.
Net sales rose 6.9% to $4.16 billion, below the average analyst estimate of $4.24 billion, according to Refinitiv IBES data.
The boost in quarterly sales came from its acquisition of pet foods company Blue Buffalo last year.
(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)